U.K. set to push contentious measures as Brexit talks continue

The U.K. government set out plans to introduce a Taxation (Post-Transition Period) Bill and revisit the controversial United Kingdom Internal Market Bill, while EU diplomats reportedly warned that substantial gaps remained in post-Brexit trade talks. The House of Commons will consider on December 7 amendments made by the House of Lords to the United Kingdom Internal Market Bill, LeaderContinue reading “U.K. set to push contentious measures as Brexit talks continue”

U.K. tax scheme promoters face new sanctions

Tax avoidance is not as widespread as people might think, HM Revenue & Customs said as it announced that scheme promoters responsible for misleading advertising will face new sanctions. An enforcement notice published jointly by HMRC and the United Kingdom’s Advertising Standards Authority requires promoters to be “clear about the potential consequences of tax avoidance”Continue reading “U.K. tax scheme promoters face new sanctions”

HMRC intends to name employers claiming JSS grants

The National Audit Office’s October 23 report on the coronavirus employment support schemes, together with new HMRC guidance, confirmed what HM Treasury disclosed earlier this month: “HMRC intends to publish the names of employers claiming the new JSS scheme and to notify employees through their personal tax accounts when an employer has claimed JSS.” –Continue reading “HMRC intends to name employers claiming JSS grants”

UK Treasury rejects call to evaluate pension tax reliefs

Now is not the right time for a formal evaluation of pension tax reliefs, the UK government said in response to a report calling for a “step change” in the administration and understanding of reliefs. HM Revenue & Customs does not understand the impact of “any of the largest tax reliefs, including reliefs on pensionsContinue reading “UK Treasury rejects call to evaluate pension tax reliefs”

Tolley’s Tax Digest: Tax compliance update

Tolley published in August my fourth tax compliance update since 2016. This 42-page digest draws together and summarises recent tax compliance-related legislation and guidance, and includes: summaries of the key compliance-related draft clauses for Finance Bill 2021 and the government’s proposed reform of tax administration; details of the new regime for taxation and recovery ofContinue reading “Tolley’s Tax Digest: Tax compliance update”